Conflux and Accseal Team Up for New Zero Knowledge Strategy and Layer 2 Ecosystem

04/20/2023 12:21 • Daily Digest • 66 views

On April 20, it was reported that Conflux announced to cooperate with Accseal, a hardware acceleration solution of zero-knowledge proof (ZKP), to launch a new zero knowledge (ZK) strategy and develop its own Layer 2 ecosystem. In addition, Conflux plans to provide ZK enhanced cross chain bridging solution to ensure interoperability between Conflux and its Layer 2 sub chain.

Conflux will collaborate with Accel to develop its Layer 2 ecosystem

Conflux, a next-generation blockchain protocol designed for high-performance decentralized applications (dApps), recently announced a new partnership with Accseal, a hardware acceleration solution of zero-knowledge proof (ZKP).
The collaboration aims to launch a new zero knowledge (ZK) strategy and develop its own Layer 2 ecosystem. As part of the plan, Conflux will also provide a ZK-enhanced cross-chain bridging solution to ensure interoperability between Conflux and its Layer 2 sub-chain.

What is Conflux?

Conflux is a public blockchain protocol that uses a novel consensus mechanism called Tree Graph, which supports highly concurrent block-building and a high TPS (transactions per second) rate. This mechanism allows Conflux to offer fast processing speeds while maintaining decentralization.
Moreover, Conflux’s architecture allows multiple virtual machines (VMs) to be deployed on the same network, opening doors for developers to create different dApps, such as DeFi, gaming, and supply chain management.

What is Layer 2?

Layer 2 is a scaling solution for blockchains, designed to address the issue of high gas fees, long confirmation times and network congestion in the mainnet. It achieves this by moving transactions off-chain to a secondary layer that operates on top of the blockchain.
There are several types of Layer 2 scaling solutions, such as state channels, side chains, and rollups. Each of them has its own advantages and disadvantages, but they all aim to increase the efficiency of transactions and reduce fees, while maintaining the security of the underlying blockchain.

Why is Zero-Knowledge Proof Important?

Zero-knowledge proof is a cryptographic method that allows a prover to demonstrate knowledge of a secret without revealing that secret itself. In other words, it enables a party to prove that it has access to certain data or information without actually disclosing that data or information.
This property makes zero-knowledge proofs an essential tool to protect privacy, security, and data integrity in blockchain protocols. With ZK proofs as a key feature, Conflux and Accseal’s collaboration aims to enhance the privacy and security of their Layer 2 ecosystem.

Accseal and Zero-Knowledge

Accseal is a hardware accelerator for zero-knowledge proof (ZKP), which accelerates the computation of ZKPs by up to 1,000 times. This speedup enables the execution of complex ZKPs on resource-constrained devices, which were previously impractical or even impossible.
In the context of blockchain, Accseal’s technology could dramatically improve transaction verification times and reduce gas fees, making it an attractive option for developers building dApps on Conflux.

The Future of Conflux and Accseal’s Collaborative Partnership

The partnership between Conflux and Accseal is an exciting step towards efficient and secure blockchain protocols that are ready for mass adoption. With the introduction of its new Layer 2 ecosystem enhanced with zero-knowledge proof and hardware acceleration, Conflux is poised to become a leader in fast and secure blockchain transactions.

FAQs

1. How does zero-knowledge proof enhance blockchain privacy?
Zero-knowledge proof allows users to prove the validity of data without disclosing that data, hence increasing data security and privacy.
2. What is Accseal?
Accseal is a hardware accelerator for zero-knowledge proof that speeds up the computation of ZKPs by up to 1,000 times.
3. What are Layer 2 scaling solutions?
Layer 2 scaling solutions are off-chain protocols designed to address the scalability and high gas fee issues faced by the mainnet.

This article and pictures are from the Internet and do not represent qiAiAi's position. If you infringe, please contact us to delete:https://www.qiaiai.com/daily/17022.html

It is strongly recommended that you study, review, analyze and verify the content independently, use the relevant data and content carefully, and bear all risks arising therefrom.